Why is Suzlon Energy falling/rising?

As of 24-Sep, Suzlon Energy Ltd's stock price is currently at Rs 57.53, reflecting a decrease of Rs 1.11 or 1.89%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 4.69%. In the past week, the stock has underperformed with a return of -2.95%, while the Sensex has only declined by -1.18%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite showing healthy long-term growth in net sales and operating profit, the company's recent performance has been overshadowed by a significant decline in stock value over the past year, with a return of -31.29%, even as profits have risen.
In the broader market context, while the Sensex has shown a slight positive return of 0.50% over the past month, Suzlon Energy's stock has declined by 1.67% in the same period, indicating a weaker performance relative to the benchmark. The renewable energy sector has also faced challenges, with a decline of -2.19%. Furthermore, a reduction in promoter confidence, as evidenced by a decrease in their stake, may be contributing to negative sentiment around the stock. This combination of factors, including falling investor participation and the stock's underperformance compared to the market, suggests that Suzlon Energy is facing significant headwinds that are driving its stock price down.